Civic Intelligence

Power Credit Union

990 • Fiscal year 2020 • EIN 84-0160254

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileWWW.POWERCU.ORG

View Organization Page

1615 E Evans AvenuePueblo, CO 81004

(719) 564-0710

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.89x

Higher debt load relative to assets than 38% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

53rd percentile

20.29x

Higher debt load relative to revenue than 53% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Net Margin

38th percentile

7.8%

Higher net margin than 38% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

11th percentile

$134,145

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Asset Growth

54th percentile

18%

Faster asset growth than 54% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

30th percentile

-6.3%

Faster revenue growth than 30% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$114,665,260

Up $17,159,651 (+18%) from 2019

Net Assets

Up

$12,648,744

Up $581,330 (+4.8%) from 2019

Liabilities

Up

$102,016,516

Up $16,578,321 (+19%) from 2019

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin38th percentile

Revenue

Down

$5,027,153

Down $338,131 (-6.3%) from 2019

Expenses

Down

$4,635,232

Down $130,295 (-2.7%) from 2019

Net Income

Down

$391,921

Down $207,836 (-35%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $79,700,342Liabilities 2010: $72,381,589Net Assets 2010: $7,318,7532010Assets 2011: $79,136,496Liabilities 2011: $71,079,744Net Assets 2011: $8,056,7522011Assets 2012: $84,678,560Liabilities 2012: $76,113,081Net Assets 2012: $8,565,4792012Assets 2013: $83,715,003Liabilities 2013: $75,177,260Net Assets 2013: $8,537,7432013Assets 2014: $82,454,310Liabilities 2014: $73,165,472Net Assets 2014: $9,288,8382014Assets 2015: $84,952,732Liabilities 2015: $75,202,905Net Assets 2015: $9,749,8272015Assets 2016: $87,385,004Liabilities 2016: $77,190,352Net Assets 2016: $10,194,6522016Assets 2017: $89,179,323Liabilities 2017: $78,297,529Net Assets 2017: $10,881,7942017Assets 2018: $90,609,467Liabilities 2018: $79,268,392Net Assets 2018: $11,341,0752018Assets 2019: $97,505,609Liabilities 2019: $85,438,195Net Assets 2019: $12,067,4142019Assets 2020: $114,665,260Liabilities 2020: $102,016,516Net Assets 2020: $12,648,7442020Assets 2021: $122,570,683Liabilities 2021: $109,868,274Net Assets 2021: $12,702,4092021Assets 2022: $119,765,846Liabilities 2022: $107,743,483Net Assets 2022: $12,022,3632022Assets 2023: $115,118,280Liabilities 2023: $102,909,601Net Assets 2023: $12,208,6792023Assets 2024: $116,643,851Liabilities 2024: $103,681,359Net Assets 2024: $12,962,4922024

Highlighted filing

2020

Assets$114,665,260
Liabilities$102,016,516
Net Assets$12,648,744
Open 2020 Filing

Operations Trend

Revenue Growth30th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $4,215,0352010Expenses 2011: $3,656,5632011Expenses 2012: $4,001,1322012Revenue 2013: $4,158,188Expenses 2013: $3,815,983Net Income 2013: $342,2052013Revenue 2014: $4,264,726Expenses 2014: $3,770,285Net Income 2014: $494,4412014Revenue 2015: $4,187,884Expenses 2015: $3,664,347Net Income 2015: $523,5372015Revenue 2016: $4,399,679Expenses 2016: $3,930,906Net Income 2016: $468,7732016Revenue 2017: $4,763,605Expenses 2017: $4,105,041Net Income 2017: $658,5642017Revenue 2018: $5,080,672Expenses 2018: $4,573,348Net Income 2018: $507,3242018Revenue 2019: $5,365,284Expenses 2019: $4,765,527Net Income 2019: $599,7572019Revenue 2020: $5,027,153Expenses 2020: $4,635,232Net Income 2020: $391,9212020Revenue 2021: $4,684,597Expenses 2021: $4,462,725Net Income 2021: $221,8722021Revenue 2022: $5,372,998Expenses 2022: $4,984,354Net Income 2022: $388,6442022Revenue 2023: $6,727,230Expenses 2023: $6,249,351Net Income 2023: $477,8792023Revenue 2024: $7,768,627Expenses 2024: $6,914,005Net Income 2024: $854,6222024

Highlighted filing

2020

Revenue$5,027,153
Expenses$4,635,232
Net Income$391,921
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$5,027,210
Mission and Program Overview

Mission

To promote thrift and lower cost credit to the members of the credit union. To promote thrift among members by affording them the opportunity to accumulate payments on shares and to make loans from these shares to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$62,245,524$56,036,181▼ $6,209,343
Investments Other Securities$16,683,233$21,106,009▲ $4,422,776
Savings and Temporary Cash Investments$5,209,317$20,887,144▲ $15,677,827
Rtn Earn Endowment Incm Other Fnds$10,585,201$11,166,532▲ $581,331
Investments in Publicly Traded Securities$4,420,247$7,246,925▲ $2,826,678
Land, Buildings, and Equipment, Net$2,961,880$2,945,518▼ $16,362
Pd in Cap Srpls Land Bldg Eqp Fund$1,482,213$1,482,212▼ $1
Cash and Non-Interest-Bearing Accounts$1,557,646$1,258,822▼ $298,824
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$97,505,609$114,665,260▲ $17,159,651
Other Assets Total$4,427,762$5,184,661▲ $756,899
Liabilities
Other Liabilities$83,091,778$98,360,321▲ $15,268,543
Accounts Payable and Accrued Expenses$2,346,417$3,656,195▲ $1,309,778
Total Liabilities$85,438,195$102,016,516▲ $16,578,321
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,067,414$12,648,744▲ $581,330
Total Liabilities and Net Assets / Fund Balance$97,505,609$114,665,260▲ $17,159,651

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,511,468$2,307,901$3,819,369
Equipment$364,859$2,016,832$2,381,691
Land$1,069,191-$1,069,191
Other Securities$97,700--
Compensation and Service Providers
Top Officer Pay11th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vanessa TrexelPresident/CEOFT$118,908$15,237$134,145
Ernestine TrujilloVP of OperationsFT$72,295$12,536$84,831
Anitta SkulVP of MarketingFT$67,735$10,277$78,012
Shari KrasovicVP of Hr & MarketingFT$67,841$5,405$73,246
Laurie ScoleriVP of Operations(until 7/31/20)FT$39,562$2,748$42,310
Kelly SchermerhornVP of Member ExperienceFT$26,281$2,670$28,951

Board Members and Trustees

NameTitle
Katie HeuermannChair/board Member
Ted LopezSupervisor/chair
Butch Batchelder JrBoard Member
Don TrujilloBoard Member
Jane RhodesBoard Member
Leonard FloresBoard Member
Judy KochevarSecretary/treasurer/board Member
Darwin HansenSupervisor
John HiblerSupervisor
Ted CookSupervisor

Highest Paid Contractors

ContractorServicesLocationCompensation
VantivEft Processor8500 GOVERNORS HILL, Symmes Township, OH 45249$318,521
Fiserv INCData Processor455 WINDING BROOK DR, Glastonbury, CT 06033$309,846
Cti Computer Technologies LLCData Management1635 W 13TH AVE, Denver, CO 80204$115,787
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,514,277
Investment Income
$506,916
Other Revenue
$5,960
Change in Net Assets
$391,921
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,720,733
Salaries, Compensation, and Employee Benefits$1,914,499
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,191,078
Office Expenses---$614,441
Current Officers, Directors, Trustees, and Key Employees---$441,495
Depreciation Depletion---$241,769
Occupancy---$195,037
Fees for Services Other---$142,845
Other Expenses---$134,041
Payroll Taxes---$111,097
Other Employee Benefits---$103,089
Advertising---$99,169
Pension Plan Contributions---$67,740
All Other Expenses---$49,735
Fees for Services Accounting---$39,548
Conferences and Meetings---$18,797
Travel---$3,395
Fees for Services Legal---$1,835
Total Functional Expenses$0$0$0$4,635,232
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Members Share and Deposit Accounts$98,360,321
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The credit union is a member owned financial cooperative that is operated for the benefit of employees of the power department at colorado fuel and iron, residents living in pueblo west, fremont county, southeast pueblo county, chaffee county, las animas county, all people who are 50+ living in pueblo county and the families of eligible members.”

Form 990, Part VI, Section A, Line 7A

“The members of the credit union annually elect the board of directors to serve multiple-year terms by mailing in ballots or voting at an annual meeting.”

Form 990, Part VI, Section A, Line 7B

“Various decisions made by the board of directors for a credit union are subject to approval by the members of the credit union as set forth in ncua rules and regulations and applicable state regulations.”

Form 990, Part VI, Section B, Line 11B

“The completed form 990 is reviewed by the chief executive officer and vice president of finance and information technology. The board of directors does not review the form 990.”

Form 990, Part VI, Section B, Line 12C

“The credit union provides an annual disclosure form to all volunteers to identify any potential conflicts of interest. Disclosures are reviewed for any items requiring further follow-up.”

Form 990, Part VI, Section B, Line 15

“Ceo compensation is determined by the board of directors. The ceo's salary is adjusted based on experience and financial condition of the credit union. Yearly performance reviews of the ceo are conducted by the board of directors.”

Form 990, Part VI, Section C, Line 19

“The credit union's governing documents and conflict of interest policies are available for review upon request at the credit union. Monthly financial statements are available on display at the credit union. Quarterly financial data is accessible to the public at www.ncua.gov.”

Filing and Contact Details

Filer

Filer Name
Power Credit Union
EIN
84-0160254
Phone
7195640710
Address
1615 E EVANS AVENUE, PUEBLO, CO 81004

Signing Officer

Name
Vanessa Trexel
Title
CEO
Phone
7195640710
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vanessa Trexel
Formed
1938
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
55
Volunteers
6

Preparer

Firm
Singerlewak Llp
Address
10960 WILSHIRE BOULEVARD 7TH FLOOR, LOS ANGELES, CA 90024-3783
Preparer
Lior Temkin
Phone
3104773924
Raw XML AppendixShowing 400 of 451 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02346417
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03656195
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROMOTE THRIFT AND LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION. TO PROMOTE THRIFT AMONG MEMBERS BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND TO MAKE LOANS FROM THESE SHARES TO ITS MEMBERS.
IRS990/AdvertisingGrp/TotalAmt099169
IRS990/AllOtherExpensesGrp/TotalAmt049735
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DAVID PURFIELD
IRS990/BooksInCareOfDetail/PhoneNum07195640710
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01615 E EVANS AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0PUEBLO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CO
IRS990/BooksInCareOfDetail/USAddress/ZIPCd081004
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt01557646
IRS990/CashNonInterestBearingGrp/EOYAmt01258822
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0441495
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt018797
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0318521
IRS990/ContractorCompensationGrp/CompensationAmt1309846
IRS990/ContractorCompensationGrp/CompensationAmt2115787
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt08500 GOVERNORS HILL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1455 WINDING BROOK DR
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt21635 W 13TH AVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0SYMMES TOWNSHIP
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1GLASTONBURY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2DENVER
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0OH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1CT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2CO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd045249
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd106033
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd280204
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0VANTIV
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1FISERV INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2CTI COMPUTER TECHNOLOGIES LLC
IRS990/ContractorCompensationGrp/ServicesDesc0EFT PROCESSOR
IRS990/ContractorCompensationGrp/ServicesDesc1DATA PROCESSOR
IRS990/ContractorCompensationGrp/ServicesDesc2DATA MANAGEMENT
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0506916
IRS990/CYOtherExpensesAmt02720733
IRS990/CYOtherRevenueAmt05960
IRS990/CYProgramServiceRevenueAmt04514277
IRS990/CYRevenuesLessExpensesAmt0391921
IRS990/CYSalariesCompEmpBnftPaidAmt01914499
IRS990/CYTotalExpensesAmt04635232
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05027153
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0241769
IRS990/Desc0PROVIDE A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES TO MEMBERS OFTHE CREDIT UNION. OVER 12,000 MEMBERS SERVED.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt055
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt039548
IRS990/FeesForServicesLegalGrp/TotalAmt01835
IRS990/FeesForServicesOtherGrp/TotalAmt0142845
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt142.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt152.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt015237
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt112536
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt25405
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt310277
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt42748
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt52670
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/PersonNm0VANESSA TREXEL
IRS990/Form990PartVIISectionAGrp/PersonNm1ERNESTINE TRUJILLO
IRS990/Form990PartVIISectionAGrp/PersonNm2SHARI KRASOVIC
IRS990/Form990PartVIISectionAGrp/PersonNm3ANITTA SKUL
IRS990/Form990PartVIISectionAGrp/PersonNm4LAURIE SCOLERI
IRS990/Form990PartVIISectionAGrp/PersonNm5KELLY SCHERMERHORN
IRS990/Form990PartVIISectionAGrp/PersonNm6TED LOPEZ
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN HIBLER
IRS990/Form990PartVIISectionAGrp/PersonNm8DARWIN HANSEN
IRS990/Form990PartVIISectionAGrp/PersonNm9TED COOK
IRS990/Form990PartVIISectionAGrp/PersonNm10KATIE HEUERMANN
IRS990/Form990PartVIISectionAGrp/PersonNm11JUDY KOCHEVAR
IRS990/Form990PartVIISectionAGrp/PersonNm12JANE RHODES
IRS990/Form990PartVIISectionAGrp/PersonNm13DON TRUJILLO
IRS990/Form990PartVIISectionAGrp/PersonNm14BUTCH BATCHELDER JR
IRS990/Form990PartVIISectionAGrp/PersonNm15LEONARD FLORES
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0118908
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt172295
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt267841
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt367735
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt439562
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt526281
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP OF HR & MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP OF MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP OF OPERATIONS(UNTIL 7/31/20)
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP OF MEMBER EXPERIENCE
IRS990/Form990PartVIISectionAGrp/TitleTxt6SUPERVISOR/CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SUPERVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SUPERVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9SUPERVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHAIR/BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY/TREASURER/BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01938
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-57
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05027210
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0506973
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0506973
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt016683233
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt021106009
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04420247
IRS990/InvestmentsPubTradedSecGrp/EOYAmt07246925
IRS990/IRPDocumentCnt01598
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04324733
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02961880
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02945518
IRS990/LandBldgEquipCostOrOtherBssAmt07270251
IRS990/LegalDomicileStateCd0CO
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt057
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE THRIFT AND LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION. TO PROMOTE THRIFT AMONG MEMBERS BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND TO MAKE LOANS FROM THESE SHARES TO ITS MEMBERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt012067414
IRS990/NetAssetsOrFundBalancesEOYAmt012648744
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-57
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-57
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0189410
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0195037
IRS990/OfficeExpensesGrp/TotalAmt0614441
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04427762
IRS990/OtherAssetsTotalGrp/EOYAmt05184661
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0103089
IRS990/OtherExpensesGrp/Desc0SHARE SERVICING
IRS990/OtherExpensesGrp/Desc1INTEREST/DIVIDENDS PAID
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING
IRS990/OtherExpensesGrp/Desc3PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/TotalAmt0538707
IRS990/OtherExpensesGrp/TotalAmt1499891
IRS990/OtherExpensesGrp/TotalAmt2141523
IRS990/OtherExpensesGrp/TotalAmt3134041
IRS990/OtherLiabilitiesGrp/BOYAmt083091778
IRS990/OtherLiabilitiesGrp/EOYAmt098360321
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0NON-MEMBER ATM FEES
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05960
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt05960
IRS990/OtherRevenueTotalAmt05960
IRS990/OtherSalariesAndWagesGrp/TotalAmt01191078
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt062245524
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt056036181
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0111097
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01482213
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01482212
IRS990/PensionPlanContributionsGrp/TotalAmt067740
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0VANESSA TREXEL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS TO M
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEES AND OTHER CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03112353
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1784613
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2617311
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03112353
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1784613
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2617311
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0547816
IRS990/PYOtherExpensesAmt02883789
IRS990/PYOtherRevenueAmt02154
IRS990/PYProgramServiceRevenueAmt04815314
IRS990/PYRevenuesLessExpensesAmt0599757
IRS990/PYSalariesCompEmpBnftPaidAmt01881738
IRS990/PYTotalExpensesAmt04765527
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05365284
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0391921
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt010585201
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt011166532
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05209317
IRS990/SavingsAndTempCashInvstGrp/EOYAmt020887144
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01511468
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02307901
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03819369
IRS990ScheduleD/EquipmentGrp/BookValueAmt0364859
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02016832
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02381691
IRS990ScheduleD/LandGrp/BookValueAmt01069191
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01069191
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt098360321
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS SHARE AND DEPOSIT ACCOUNTS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0414309
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt120594000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt297700
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PERPETUAL CAPITAL AT CORPORATE CREDIT UNION
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc2ALL OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02945518
IRS990ScheduleD/TotalBookValueSecuritiesAmt021106009
IRS990ScheduleD/TotalLiabilityAmt098360321
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS A MEMBER OWNED FINANCIAL COOPERATIVE THAT IS OPERATED FOR THE BENEFIT OF EMPLOYEES OF THE POWER DEPARTMENT AT COLORADO FUEL AND IRON, RESIDENTS LIVING IN PUEBLO WEST, FREMONT COUNTY, SOUTHEAST PUEBLO COUNTY, CHAFFEE COUNTY, LAS ANIMAS COUNTY, ALL PEOPLE WHO ARE 50+ LIVING IN PUEBLO COUNTY AND THE FAMILIES OF ELIGIBLE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS OF THE CREDIT UNION ANNUALLY ELECT THE BOARD OF DIRECTORS TO SERVE MULTIPLE-YEAR TERMS BY MAILING IN BALLOTS OR VOTING AT AN ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VARIOUS DECISIONS MADE BY THE BOARD OF DIRECTORS FOR A CREDIT UNION ARE SUBJECT TO APPROVAL BY THE MEMBERS OF THE CREDIT UNION AS SET FORTH IN NCUA RULES AND REGULATIONS AND APPLICABLE STATE REGULATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPLETED FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND VICE PRESIDENT OF FINANCE AND INFORMATION TECHNOLOGY. THE BOARD OF DIRECTORS DOES NOT REVIEW THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CREDIT UNION PROVIDES AN ANNUAL DISCLOSURE FORM TO ALL VOLUNTEERS TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. DISCLOSURES ARE REVIEWED FOR ANY ITEMS REQUIRING FURTHER FOLLOW-UP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. THE CEO'S SALARY IS ADJUSTED BASED ON EXPERIENCE AND FINANCIAL CONDITION OF THE CREDIT UNION. YEARLY PERFORMANCE REVIEWS OF THE CEO ARE CONDUCTED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CREDIT UNION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST AT THE CREDIT UNION. MONTHLY FINANCIAL STATEMENTS ARE AVAILABLE ON DISPLAY AT THE CREDIT UNION. QUARTERLY FINANCIAL DATA IS ACCESSIBLE TO THE PUBLIC AT WWW.NCUA.GOV.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt097505609
IRS990/TotalAssetsEOYAmt0114665260
IRS990/TotalAssetsGrp/BOYAmt097505609
IRS990/TotalAssetsGrp/EOYAmt0114665260
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt055
IRS990/TotalFunctionalExpensesGrp/TotalAmt04635232
IRS990/TotalGrossUBIAmt05960
IRS990/TotalLiabilitiesBOYAmt085438195
IRS990/TotalLiabilitiesEOYAmt0102016516
IRS990/TotalLiabilitiesGrp/BOYAmt085438195
IRS990/TotalLiabilitiesGrp/EOYAmt0102016516
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt012067414
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012648744
IRS990/TotalOtherCompensationAmt048873
IRS990/TotalProgramServiceRevenueAmt04514277
IRS990/TotalReportableCompFromOrgAmt0392622
IRS990/TotalRevenueGrp/ExclusionAmt0506916
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04514277

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$114,665,260
Liabilities
$102,016,516
Net assets
$12,648,744
Revenue
$5,027,153
Expenses
$4,635,232
Net income
$391,921
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$117$104$13.0$7.77$6.91$0.85
2023Summary only. Only limited summary data is available for this year.$115$103$12.2$6.73$6.25$0.48
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$120$108$12.0$5.37$4.98$0.39
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$123$110$12.7$4.68$4.46$0.22
2020Detailed filing. Detailed filing data is available for this year.$115$102$12.6$5.03$4.64$0.39
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$97.5$85.4$12.1$5.37$4.77$0.60
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$90.6$79.3$11.3$5.08$4.57$0.51
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$89.2$78.3$10.9$4.76$4.11$0.66
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$87.4$77.2$10.2$4.40$3.93$0.47
2015Detailed filing. Detailed filing data is available for this year.$85.0$75.2$9.75$4.19$3.66$0.52
2014Detailed filing. Detailed filing data is available for this year.$82.5$73.2$9.29$4.26$3.77$0.49
2013Detailed filing. Detailed filing data is available for this year.$83.7$75.2$8.54$4.16$3.82$0.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.7$76.1$8.57$4.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.1$71.1$8.06$3.66
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.7$72.4$7.32$4.22
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)14 • $100M-$250M nonprofits